Info-tech

Cyber security start-up Sequretek raises Series A funding

Our Bureau Ahmedabad | Updated on January 11, 2018 Published on May 09, 2017

Mumbai-based cyber security firm Sequretek on Tuesday announced raising Series A investment from venture capital players GVFL and Unicorn India Ventures.

Jointly set up by the former information security industry veteran Anand Naik and IT industry professional Pankit Desai Sequretek offers a comprehensive suite of products and services for securing information for enterprises.

The company has three flagship offerings for its customers — Avatar, Kawach and Integrated Managed Cyber Security.

However, financial details about the funding were not shared by the company.

The funding will be used for further building on intelligence within their current product offerings and foray into new markets within India and outside.

According to the company, currently enterprises have to manage multiple security tools, which operate in silos, from several vendors thus adding to the complexity of handling targeted cyber threats.

“To combat this issue, Sequretek is building an integrated technology platform capable of providing complete protection to enterprises’ security needs,” a statement said.

The company’s clients include leading names like HDFC Bank, IDBI Federal, HDFC Ltd and NCDEX, along with several others from financial, retail, pharma and IT/ITES sectors.

Anil Joshi, Managing Partner, Unicorn India Ventures said, “Sequretek’s founding team and their ability to generate initial traction among top clients in industry within a short span of launching their business has given us the confidence to back this team.”

Sanjay Randhar, Managing Director, GVFL said, “Given the ever increasing complexity in cyber security industry, we believe that enterprises are looking for an effective and comprehensive solution that helps them to detect, monitor and respond to advanced cyber threats on a daily basis. Sequretek’s unified threat platform, which eliminates the need for multiple security tools within enterprise IT security systems was one of the significant aspects that got us excited about the company.”

Representatives of GVFL and Unicorn India Ventures will join the company’s board.

Published on May 09, 2017
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